China's home-grown PV wholesale volume in May down by 17.6%

China's PV (hereby only refers to the PV locally-produced in China) wholesale volume in May amounted to 1,566,682 units, falling 17.6% year on year and edging down 1.3% month on month, according to the China Passenger Car Association (CPCA).

Monthly wholesale volume of four major sectors—the car, the MPV, the SUV and the minibus—all presented double-digit year-on-year decrease. Meanwhile, compared with the performance for the month of April 2019, only MPV’s volume showed a positive growth (+14.9%).

In a bid to offer a more valuable data covering a wider range, Gasgoo adds the number of minibus from May on.

For the first five months, the cumulative PV wholesale volume nationwide totaled 8,413,542 units, shrinking 15.1% over the year-ago period. The year-to-date (YTD) volume of cars and SUVs declined 13.6% and 15.2% from the previous year, while MPV’s number represented a drop up to 24.6%.

Compared with the April performance, both two SAIC-owned joint ventures—SAIC Volkswagen and SAIC-GM—moved up 1 place to the champion and runner-up positions by their PV wholesale volumes in May. FAW-Volkswagen, ranking 3rd in May, saw its wholesale volume fall to 135,026 units in May from 150,131 units in April.

Dongfeng Nissan outsold Geely Auto with its ranking climbing to the fourth. SAIC-GM-Wuling and GAC Honda still remained their positions from a month ago.

Besides, SAIC Motor PV entered the top 10 list in May, ranking 10th, while Great Wall Motor, the 7th place’s occupant for April, didn’t appear this time.  

The CPCA also announced that China's PV retail sales in May shrank 12.5% year on year to 1,611,300 units, while up by 4.6% over a month ago. For the first five months, the country's PV retail sales aggregated 8,334,396 units, sliding 11.8% compared with the same period for 2018.